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Slate Office REIT (SOT_u.TO)

SOT_u.TO on Toronto Stock Exchange

7.88CAD
16 Feb 2018
Change (% chg)

$0.11 (+1.42%)
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Open
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Volume
167,980
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153,854
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$8.46
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Latest Key Developments (Source: Significant Developments)

Slate Office REIT Plans To Acquire Seven Asset Office Portfolio For $191.4 Mln
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Slate Office Reit ::SLATE OFFICE REIT ANNOUNCES PLAN TO ACQUIRE SEVEN ASSET OFFICE PORTFOLIO FOR $191.4 MILLION AND BOUGHT DEAL OFFERING COMPRISED OF $90 MILLION OF SUBSCRIPTION RECEIPTS AND $25 MILLION OF CONVERTIBLE DEBENTURES.SLATE OFFICE REIT ANNOUNCES PLAN TO ACQUIRE SEVEN ASSET OFFICE PORTFOLIO FOR $191.4 MILLION AND BOUGHT DEAL OFFERING COMPRISED OF $90 MILLION OF SUBSCRIPTION RECEIPTS AND $25 MILLION OF CONVERTIBLE DEBENTURES.SLATE OFFICE REIT - ‍ACQUISITIONS ARE EXPECTED TO BE IMMEDIATELY ACCRETIVE TO REIT'S 2018 AFFO PER UNIT ON A LEVERAGE-NEUTRAL BASIS​.SLATE OFFICE REIT - ‍IN CONJUNCTION WITH DEALS, REIT ENTERED INTO AGREEMENT WITH UNDERWRITERS CO-LED BY BMO CAPITAL MARKETS,NATIONAL BANK FINANCIAL INC​.SLATE OFFICE REIT - ‍ENTERED AGREEMENT WITH UNDERWRITERS TO ISSUE $90 MILLION SUBSCRIPTION RECEIPTS, $25 MILLION CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES​.SLATE OFFICE REIT - ‍NET PROCEEDS FROM SALE OF DEBENTURES WILL INITIALLY BE USED TO REDUCE OUTSTANDING INDEBTEDNESS UNDER REIT'S CREDIT FACILITY​.  Full Article

Slate Office REIT Announces Acquisition Of Asset In Chicago, Illinois
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - Slate Office REIT ::SLATE OFFICE REIT ANNOUNCES ACQUISITION OF 20 SOUTH CLARK STREET IN CHICAGO, ILLINOIS.SLATE OFFICE REIT - DEAL FOR US$85.6 MILLION.SLATE OFFICE REIT - 20 SOUTH CLARK PURCHASED USING EXISTING BALANCE SHEET LIQUIDITY AND NEW DEBT FINANCING.  Full Article

Slate Office REIT reports Q3 ‍AFFO per unit of $0.17​
Wednesday, 8 Nov 2017 

Nov 7 (Reuters) - Slate Office REIT -:SLATE OFFICE REIT REPORTS THIRD QUARTER 2017 RESULTS.QTRLY ‍RENTAL REVENUE WAS $41.2 MILLION, WHICH IS A 31.5% INCREASE OVER SAME PERIOD IN PRIOR YEAR.​.QTRLY ‍SAME PROPERTY NOI WAS $14.5 MILLION, REPRESENTING AN INCREASE OF $0.2 MILLION OVER Q2 OF 2017​.QTRLY ‍AFFO PER UNIT $0.17​.‍QTRLY CORE FFO PER UNIT $0.21​.  Full Article

Slate Office REIT announces multiple acquisitions and $50 million public offering
Wednesday, 17 Aug 2016 

Slate Office Reit : Slate Office REIT announces multiple acquisitions and $50 million public offering . Deal for $12.25 million . Intention to purchase a government-tenanted office building located at 365 Hargrave Street in Winnipeg, Manitoba . Says offering consists of a treasury offering by REIT of 5.2 million units for gross proceeds of $44.0 million . Also increasing interest in 3 office properties in Newfoundland from 49% to 100%, with additional investment of about $19.8 million . Will use net proceeds of treasury offering to reduce outstanding indebtedness . Underwriters to sell on a bought deal basis 6 million trust units of reit at a price of $8.45 per unit . Says acquisitions are immediately accretive to REIT's adjusted funds from operations on a per unit basis .Amendment to co-ownership agreement with St. John's Harbour Properties where REIT will increase interest in places from 49% to 100%.  Full Article

Slate Office REIT Q2 AFFO per unit $0.23
Friday, 5 Aug 2016 

Slate Office Reit : Slate office reit reports strong second quarter 2016 results . Qtrly core-ffo was up 8.0% to $0.27 per unit and affo was up 9.5% to $0.23, compared to q1 2016 .Q2 revenue $28.2 million versus $14.4 million last year.  Full Article

BRIEF-Slate Office REIT Plans To Acquire Seven Asset Office Portfolio For $191.4 Mln

* SLATE OFFICE REIT ANNOUNCES PLAN TO ACQUIRE SEVEN ASSET OFFICE PORTFOLIO FOR $191.4 MILLION AND BOUGHT DEAL OFFERING COMPRISED OF $90 MILLION OF SUBSCRIPTION RECEIPTS AND $25 MILLION OF CONVERTIBLE DEBENTURES